The EURUSD resumes the decline – Analysis - 12-05-2022
Economies.com
2022-05-12 04:09AM UTC
The EURUSD pair bounced downwards clearly after testing 1.0580 level in the previous sessions, to keep the bearish trend scenario valid and active on the intraday and short term basis, supported by the EMA50 that continues to press negatively on the price, waiting to visit 1.0450 as a next target.
We remind you that the continuation of the bearish wave depends on the price stability below 1.0580.
The expected trading range for today is between 1.0430 support and 1.0580 resistance.
The expected trend for today: Bearish
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